Summary
- It was reported that the U.S. virtual asset market structure bill (CLARITY Act) is at an impasse in Congress.
- The Democratic Party and Republican Party reportedly have differing views on whether to include a conflict of interest provision.
- Some Republican figures are reportedly resisting, arguing the provision could be abused as a political tool.
James Seyffart, a Bloomberg analyst, reported via X (formerly Twitter) on the 16th (local time) that passage of the U.S. virtual asset market structure bill (CLARITY Act) in Congress is at a stalemate.
He explained, "Currently, the Democratic Party and the Republican Party participating in the bill negotiations are showing differences of opinion regarding whether to include a conflict of interest provision for the President, Vice President, members of Congress, and their families."
He added, "Some Republican figures are objecting, claiming that the provision could be exploited as a political tool to target specific individuals."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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